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"..I'm totally flummoxed by bigsmoke ?!"
- you are obsessed. the felling is not mutual.
"He sells AMER a few weeks ago"
- complete LIES. where did that come from? stop trying to divert from the egg on your face. you failure.
I explained my change of view on VOG. you seem to follow my lead. naw, we can't be pals.
Are you talking reduction or deferral? And how do you know anyway?
It was mentioned earlier that income on current peak levels of production is $2m pm or $24m pa or £18m pa.
When looking at this it's worth also looking at the last 2 sets of accounts ie full year to June 2017 and half year to December 2017.
The latter states that they are making " efforts to reduce costs in all areas, and restricting capital expenditure to only those required to maintain existing operations or connect new customers".
The full year accounts state that the 3 main directors received salary and benefits totalling over £1.4m. There are 6 directors in total and they plus 4 key persons received a total of £2.8m being part of a total workforce of 164 persons.
Now I don't know how successful they have been in their efforts to control costs but I wonder how much of their efforts have gone into controlling the total wage bill of £4.4m.
The £2.8m being paid to the directors of what is still a minnow company is shockingly high. Let's not also forget that royalties of £3.2m were paid out that year.
I apologise for my last post that was incorrect as I had forgotten that VOG had already laid the Bassa power station gas supply line. However, combined with the RNS today the securing of the power station contract would make the world of difference to the company's earnings due to their profit sharing obligations with RMS etc. I also note the ring of confidence that the company exudes which is so different to some of the vitriolic rubbish spouted on this site.
The thing is, while I accept that we all have different ways of doing things and different trading styles, I'm totally flummoxed by bigsmoke ?!
He sells AMER a few weeks agoand buys VOG at 28p. Then for a few days maybe even a bit longer they were brilliant (ish) price target 68p - what a jolly chap he was.
Then he obviously sold out at some stage, and even though he's been buying (from his posts) periodically from low 20's to even yesterday at what must have been 14 or 15 the company absolutely stinks.
To continually slag them off and to still keep buying - is that a strategy or a sign of complete and total madness ???
How the F does he type all this stuff with a straight jacket on - clever ?!
Are there any other analysts who take a similar view?
Are there anything other analysts who take a similar view?
Have to say I was rather encouraged by the RNS figures today despite my early morning sarcastic quip.
That's not to say I'm not convinced there won't be a placing. It's very much on a knife edge and whilst possibly the latest levels of gas sales may keep us afloat, the devil is in the detail and we never quite get to know just how bad things are with VOG until it's too late.
how is debt working for the likes of PDL and PMO? no good, scale back to this minow and ponder that.
might a debt to equity swap help as part of a placing to sweeten the deal? if so, mega dillution for us old LTHs.
even if no dillution (highly unlikely) there is no money getting made (as things stand) for around 24 months.
spot on, mal.
who are these jokers trying to kid. it is the same clown with four different logins.
Time will tell.
only thing you wade through is your own ....
ha ha, there is Bob. there he is.
Bob, have you got answers yet?
Trying to deflect away from yourself, weighed and found wanting.
A number of us have been concerned about the finances of the company.
The 3 RNSs do increase concern.
As does the appearance of a new uber positive poster with the same characteristics as one who recently disappeared.
As I said time will tell.
Yes, bobmills - yet another sad day of “wading through” this BB, during dealing hours
3 production/operation updates in less than 2 weeks smells of desperation.
Time will tell.
150,000 dumped at 14.15p. tomorrow not looking good.
Just read all 20 or so of your posts for the last 6 or 7 years - stick around we could do with your insight..
It is so encouraging when the articulate wordsmiths arrive.
seems like folks wont even hold overnight anymore. too risky.
was pump and dump.
This share is S**T
You haven't got to agree with me, just play nicely and I will.
Who else get's a hard time, you and Jed are negative and i want the price to drop to buy cheaper, so why you two ????
I'm not giving Jones or Paranioa a hard time though - do you get it ??
Did you google the Muppets
In case you're interested which you won't be it's Statler and Waldorf
WIKI them, it was a reference yours and Jeds constant whining about the same stuff - a decrepit, bitter and twisted double act - it was humour - do you get it ???
Pivoted not once - I believe that if they had £5m in the bank now the share price would be at least double.
I sold at a profit - that's what i try and do. I bought back, lost some money and was concerned about the placing (still am) and sold to reduce CGT that's the truth > i play with a straight bat i've been honest about my trades and my views for months
Have you ??????????????????????????????????????????????????????????????????